Real Estate Express – Colorado Closings | Practice Questions & Answers | Exam Prep 2026/2027

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REAL ESTATE EXPRESS – COLORADO CLOSINGS FINAL
EXAM QUESTION BANK 2025 ACTUAL EXAM QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALL ANSWERED {212 Q & A} ALREADY
GRADED A+ / COLORADO REAL ESTATE CLOSINGS AND
SETTLEMENT FINAL EXAM | GUARANTEED PASS




Who traditionally pays loan costs like discount points on a new
loan?


A)
Buyer
B)
Seller
C)
Lender
D)
Broker - ✔✔✔ Correct Answer > A)


Loan costs and other loan fees are traditionally paid by the
borrower but can be negotiated to be a seller concession. The
Contract to Buy and Sell determines who will pay and how much.



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REAL
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ESTATE
COLORADO
– COLORADO
EXPRESS
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,OSINGS.pdfY!G*EIH(*#Y!(REAL
REAL ESTATE EXPRESS
REAL
ESTATE
–
ESTATE
COLORADO
EXPRESS
EXPRESS
CLOSINGS.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
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COLORADO
COLORADO
CLOSINGS.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8*#Y#*!#!&**#
CLOSINGS.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8



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If a Colorado property sells for $263,900, what documentary fee
will be paid when the warranty deed is recorded?


A)
$263.90
B)
$26.00
C)
$26.39
D)
$260.00 - ✔✔✔ Correct Answer > C)


The way to express the documentary fee is $0.01 per $100. The
easiest way to calculate it is just to move the decimal four digits
to the left. For this question, $26.39 or $263,900 × 0.0001 = $26.39.


A flat-rate water bill that is paid in advance in the amount of
$37.50 for the month has not been paid. For a closing on June 16,
which is a correct entry for the settlement statements?


A)
Credit seller $18.75



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REAL ESTATE
ESTATE
EXPRESS
REAL
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ESTATE
COLORADO
– COLORADO
EXPRESS
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REAL ESTATE EXPRESS
REAL
ESTATE
–
ESTATE
COLORADO
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EXPRESS
CLOSINGS.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
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COLORADO
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B)
Debit seller $18.75, credit buyer $18.75
C)
Debit buyer $18.75, credit seller $18.75
D)
Debit seller and buyer $18.75 - ✔✔✔ Correct Answer > D)


The water is a lien at closing, but the seller only owes for the
seller portion of the month, and the buyer will be required to pay
the buyer portion. The combined amount is the total amount due,
which will be a credit to the broker, who will write a check to
clear the lien.


There is a $13 cost for the recording of the release for the
current deed of trust in the new loan statement. The settlement
sheet entry is


A)
$13 debit seller only.
B)
$13 debit buyer, credit broker.
C)
$13 debit seller, credit broker.



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EXPRESS
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ESTATE
COLORADO
– COLORADO
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,OSINGS.pdfY!G*EIH(*#Y!(REAL
REAL ESTATE EXPRESS
REAL
ESTATE
–
ESTATE
COLORADO
EXPRESS
EXPRESS
CLOSINGS.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
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COLORADO
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D)
$13 debit buyer only. - ✔✔✔ Correct Answer > A)


Since this is a new loan, this is a single-entry debit to the seller
who wants this payoff recorded. Remember, the broker does not
write this check.


A special tax or special assessment is shown on the certificate
of taxes due in the amount of $834 for a curb and gutter project,
which the buyer has agreed to assume. How will it show on the
settlement worksheet?


A)
$834 debit seller, $834 credit broker.
B)
It will not show up.
C)
$834 plus prorated interest debit seller and credit buyer.
D)
$834 debit seller, $834 credit buyer. - ✔✔✔ Correct Answer > B)


Remember that when the buyer agrees to pay the special taxes
or special assessments, these are not collected at closing. The



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ESTATE
COLORADO
– COLORADO
EXPRESS
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